长江商报消息 ●长江商报记者 徐阳 天成自控（603085.SH）近期好消息不断。 2月8日晚，天成自控公告称，公司全资子公司收到国内某头部汽车企业的定点通知，成为其乘用车座椅 供应商，本次定点项目预计生命周期总金额为23亿元。 天成自控表示，本次获得该客户项目定点，是公司在乘用车市场不断拓展和深化的表现，有利于进一步 提升乘用车座椅业务市场份额。 天成自控的主营业务为乘用车座椅、工程机械与商用车座椅、航空座椅的研发设计、生产和销售。公司 聚焦主业做大做强，努力拓展全球市场，已斩获多个订单，持续提升市场占有率。 得益于核心主业销量增长，天成自控2025年业绩改善明显，预计2025年归属于上市公司股东的净利润 （以下简称"归母净利润"）8000万至9500万元，同比将实现扭亏为盈。 子公司获乘用车座椅定点 2月8日晚间，天成自控公告，公司全资子公司武汉天成自控汽车座椅有限公司（以下简称"武汉天成"） 于近日收到国内头部某汽车企业（限于保密协议，无法披露其名称，以下简称"客户"）的定点通知，武 汉天成成为该客户乘用车座椅供应商。 本次定点的乘用车座椅项目为平台型项目（包含三款车型）。根据客户规划，项目预计于 20 ...

Core Viewpoint - China Shipbuilding Special Gas (中船特气) has reported a recovery in performance for the year 2025, with significant growth in revenue and net profit after two years of decline [1][2][3]. Financial Performance - In 2025, the company achieved an operating revenue of 2.26 billion yuan, representing a year-on-year increase of 15.88% [1][2]. - The net profit attributable to shareholders reached 347 million yuan, up 12.92% year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was 239 million yuan, reflecting a growth of 15.82% [1][2]. Historical Context - The company experienced a decline in net profit for two consecutive years in 2023 and 2024, with net profits of 335 million yuan and 304 million yuan, down 12.55% and 9.24% respectively [2][3]. - Prior to its listing in 2023, the company had shown consistent growth in both revenue and net profit [2]. Product and Market Expansion - The growth in 2025 is attributed to increased sales of core products and the expanding application of new-generation information technologies, particularly in advanced chips and display panels [3]. - The company has a strong product portfolio, including over 90 types of products, with more than 70 types of electronic special gases [4]. Capacity and Investment - As of mid-2025, the company has the world's largest production capacity for ultra-pure nitrogen trifluoride at 18,500 tons per year [4]. - The company plans to invest approximately 870 million yuan in a new project to produce 3,383 tons of high-purity hydrogen sulfide and other electronic gases [5][6]. - The company has a strong cash position, with cash reserves of 2.954 billion yuan and no short-term debt [6]. International Business - The company has successfully expanded its international business, exporting products to 15 countries and regions, with overseas revenue accounting for about 27% of total operating income [6].

Core Viewpoint - Kema Technology (301611.SZ) is accelerating its capacity expansion by issuing convertible bonds worth up to 750 million yuan to fund production capacity expansion and supplement working capital [1][2]. Group 1: Fundraising and Projects - The company plans to raise a total of 750 million yuan through convertible bonds, focusing on core business and strategic development [1]. - The "Structural Functional Modular Ceramic Components Expansion Project" will receive 488 million yuan, accounting for 65.07% of the total fundraising, aimed at enhancing production capacity for ceramic heaters [2]. - The "Silicon Carbide Materials and Components Project" will receive 52 million yuan, with an expected internal rate of return of 16.38% and a payback period of 7.49 years [2]. - 210 million yuan will be allocated to supplement working capital to support the smooth progress of fundraising projects and stable daily operations [2]. Group 2: Financial Performance and Projections - Kema Technology's revenue for 2025 is projected to reach between 1.06 billion and 1.08 billion yuan, representing a year-on-year growth of 23.63% to 25.96% [1][3]. - The expected net profit attributable to shareholders for 2025 is between 286 million and 336 million yuan, with a year-on-year change of -8.00% to 8.00% [1][3]. - The company achieved a significant revenue increase of 78.54% in its first year post-IPO, with a net profit growth of 279.88% [3]. Group 3: Research and Development - Kema Technology has consistently increased its R&D expenses, with amounts of 46.53 million yuan, 66.32 million yuan, and 73.98 million yuan for the years 2023 to the first three quarters of 2025, totaling 187 million yuan over three years [5]. - The company has developed a complete proprietary intellectual property system and has achieved leading domestic and international levels in several key technical indicators [5]. - Kema Technology focuses on the domestic market while actively expanding overseas, with advanced ceramic components for semiconductor equipment being its core revenue source [3][4].

Core Insights - Hubei's industrial added value is projected to grow by 6.9% in 2025, surpassing the national average by 1 percentage point, ranking fourth among major industrial provinces [1][2] - The province aims to establish a modern industrial system with Hubei characteristics by 2026, injecting strong industrial momentum into its strategic development [1][5] Industrial Growth and Performance - In 2025, five pillar industries, including optoelectronic information and automotive manufacturing, are expected to exceed 1 trillion yuan, while six advantageous industries will surpass 500 billion yuan [2] - Ten characteristic industries are entering the billion-yuan club, and the "51020" advanced manufacturing industry cluster is undergoing a comprehensive upgrade [2][3] Policy and Investment Initiatives - Hubei is implementing a series of growth-stabilizing policies across various sectors, including automotive, steel, chemicals, and artificial intelligence, with key industries experiencing growth rates exceeding 16% [2] - The province has approved 223 national bond projects and is rolling out 4,082 technological transformation projects, with industrial investment expected to grow by 6.6% [2] Structural Optimization and Innovation - Traditional industries are revitalizing, with automobile and new energy vehicle production reaching 1.836 million and 824,000 units respectively, and new energy vehicles growing at a rate of 43.9% [3] - High-tech manufacturing's added value now accounts for 17.4% of the industrial total, contributing 35.6% to the growth of regulated industries [3] Digital Economy and Infrastructure - Hubei is advancing its digital economy, having built 188,000 5G base stations and achieving a computing power scale exceeding 18,000 P, ranking third nationally [4] - The province has achieved full coverage of provincial-level digital transformation pilot cities for small and medium-sized enterprises, with 101 companies listed as national 5G factories [4] Future Development Plans - For the "14th Five-Year Plan," Hubei aims for a 6.5% growth in industrial added value and an 8% increase in industrial investment by fast-tracking over 4,700 technological transformation projects [5] - The province plans to produce 1 million new energy vehicles and increase the proportion of high-tech manufacturing's added value to over 18% [5] Green Development Initiatives - Hubei is implementing six major green development projects, aiming for a 3% reduction in energy consumption per unit of industrial added value [7] - The province plans to establish 30 green factories and five zero-carbon factories, promoting sustainable industrial practices [7]

长江商报消息●长江商报记者 徐佳 一个月时间，亚辉龙（688575.SH）从"热点追捧者"转变到"信披违规被查对象"。 2月6日晚间，亚辉龙发布公告称，因涉嫌信息披露违法违规，根据相关法律法规，中国证监会决定对公 司予以立案。 长江商报记者注意到，亚辉龙被立案，与其在1月6日宣布进军脑机接口领域有关。彼时，上交所已经因 亚辉龙信披前后矛盾、不准确、不完整等问题，对公司及时任董秘予以监管警示。随着证监会正式立 案，亚辉龙的信披合规问题再次引发关注。 作为一家体外诊断公司，因"蹭热点"被监管的背后，是亚辉龙业绩承压。业绩预告显示，受主业市场需 求减少及"炒股"亏损等因素影响，亚辉龙预计2025年度实现归属于母公司所有者的净利润（以下简 称"归母净利润"）为2000万至3000万元，同比下降90.05%至93.37%。 因信披违规被证监会立案 亚辉龙本次被立案，与其在一个月前蹭上"脑机接口"热点有关。 1月6日晚间，亚辉龙发布了一则关于公司签订战略合作框架协议的公告。公告称，亚辉龙与深圳脑机星 链科技有限公司（以下简称"脑机星链"）签署了《战略合作框架协议》，根据亚辉龙在急诊、脑疾病诊 断、儿科等领域强大销售渠道及 ...

天汽模称，本次交易事项尚处于筹划阶段，初步确定的交易对方为德盛拾陆号企业管理（天津）合伙企 业（有限合伙）（简称"德盛16号"）。 长江商报消息 ●长江商报记者 沈右荣 易主国资不到两个月，天汽模（002510.SZ）的资本运作来了。 2月5日晚，天汽模发布公告，公司正在筹划通过发行股份及支付现金的方式购买东实汽车科技集团股份 有限公司（以下简称"东实股份"）股权并募集配套资金。 长江商报记者发现，这是天汽模第三次出手收购东实股份股权。 2017年，天汽模通过公开竞拍获得东实股份25%股权。2025年4月，天汽模筹划收购东实股份50%股 权，不过未能顺利完成。 吸引天汽模第三次出手，东实股份有何特别之处？ 东实股份主要业务围绕汽车车身、底盘、动力等三大系统，形成汽车零部件产业体系，主要客户包括东 风汽车、一汽、比亚迪等知名企业。2025年，公司销售收入超过170亿元。 东实股份曾筹划A股IPO，未能如愿，借助本次重组，其或将完成曲线上市。 天汽模是一家汽车零部件企业，如果本次重组完成，公司产业链将得到延伸，盈利能力将会明显提升。 第三次出手收购东实股份 天汽模第三次出手收购东实股份，以图提升自身市场竞争力。 ...

Core Viewpoint - The company 壹网壹创 is actively embracing AI technology through an acquisition strategy, aiming to enhance its capabilities in e-commerce services by acquiring 北京联世传奇网络技术有限公司, a firm specializing in AI-driven marketing solutions [2][4][9]. Group 1: Acquisition Details - 壹网壹创 plans to acquire 100% of 联世传奇 through a combination of share issuance and cash payment, while also raising additional funds for transaction costs and working capital [4][5]. - The acquisition is expected to strengthen 壹网壹创's advertising service capabilities within its e-commerce operations, allowing for resource sharing and enhanced competitiveness [5][9]. - 联世传奇 is projected to achieve revenues of 1.32 billion yuan in 2025, reflecting a growth of over 45% [4][5]. Group 2: Financial Performance - The company forecasts a net profit attributable to shareholders of 92.03 million to 120 million yuan for 2025, representing a year-on-year growth of 21.1% to 57.32% [2][7]. - The adjusted net profit (扣非净利润) is expected to be between 101 million and 131 million yuan, with a growth rate of 30.35% to 69.32% [2][7]. - Historical financial performance shows fluctuations in revenue and profit from 2021 to 2024, with a notable recovery anticipated in 2025 [7][8]. Group 3: AI Integration and Strategy - 壹网壹创 has implemented multiple AI Agents across various functions, enhancing operational efficiency and supporting a shift towards asset-light operations [7][8]. - The acquisition of 联世传奇 is expected to save significant R&D costs and time, allowing for quicker integration of advanced marketing algorithms into 壹网壹创's services [9]. - The company aims to solidify its market position amid industry changes by leveraging AI technology in e-commerce services [9].

此前，容百科技发布公告称，公司与宁德时代签署协议，未来6年，容百科技合计为宁德时代供应国内 区域磷酸铁锂正极材料预计为305万吨，协议总销售金额超1200亿元。 经宁波证监局调查发现，容百科技针对上述事项的信息披露存在四大问题，包括1200亿元的销售金额、 材料采购量、合同期限、合同前置条件等，或披露不准确、不完整，或未披露。 宁波证监局拟对容百科技及相关负责人进行处罚，其中，拟对"不知情"的董事长白厚善罚款300万元。 长江商报消息●长江商报记者 沈右荣 酿出千亿大单闹剧的容百科技（688005.SH）将面临重罚。 2月6日晚，容百科技发布公告，公司收到中国证监会宁波监管局（以下简称"宁波证监局"）下发的《行 政处罚事先告知书》，拟对公司及相关责任人进行处罚。 根据《行政处罚事先告知书》，宁波证监局已经完成对容百科技的调查，发现公司在本次信息披露方面 存在四大问题。 受市场波动影响，容百科技业绩阶段性承压。根据业绩预告，2025年，公司预计全年亏损1.90亿元至 1.50亿元，成为2019年上市以来的首个年度亏损年。 不过，2025年第四季度，容百科技业绩好转，预计盈利3000万元。 误导性陈述合计领950 ...

"实干是跨越困境、兑现目标的唯一路径……摒弃'为KPI而干'的形式主义。"近日，航宇科技 （688239.SH）董事长张华对企业发展提出了要求。 如何实干？2月6日晚间，航宇科技公告显示，为进一步优化公司战略布局，拓宽海外市场业务，公司拟 通过孙公司投资建设斯洛伐克工业装备零部件锻造生产基地，投资金额不超过1.05亿欧元（折合人民币 约8.62亿元）。 航宇科技认为，本项目依托当地良好的市场环境和产业基础，有助于公司进一步扩大海外业务规模、提 升整体营收水平，对巩固并提升公司在民用工业装备制造领域的市场地位具有积极作用。 2025年下半年，航天航空板块在政策红利、技术突破和资本热潮的推动下，迎来历史性爆发。 长江商报记者发现，航宇科技的股价也随着市场推动大幅上涨，近半年来公司股价涨幅约为73%，当前 总市值达125.24亿元。 海外收入占比超40% 航宇科技表示，公司目前财务状况稳健，本次对外投资不会对公司主营业务、持续经营能力及资产状况 造成不利影响。 总体而言，航宇科技认为，本项目依托当地良好的市场环境和产业基础，有助于公司进一步扩大海外业 务规模、提升整体营收水平，对巩固并提升公司在民用工业装备制造领域 ...

销量方面，2026年1月公司共交付新车27182台，同比大幅增长96.1%，蔚来、乐道和萤火虫三大品牌推 动公司交付大幅增加。 首次单季度盈利 蔚来汽车的业绩迎来关键突破。 2月5日，蔚来发布业绩预告，根据未经审计合并管理账目初步评估，蔚来2025年第四季度经调整经营利 润（剔除股权激励费用）预计在7亿元至12亿元，而2024年同期为-55.436亿元；按公认会计准则计量， 该季度经营利润预计为2亿元至7亿元。 对于此次盈利，蔚来表示核心得益于三方面因素，一是四季度汽车销量持续增长，二是优化的产品组合 推动汽车毛利率提升，三是公司全面降本增效措施的持续落地。 数据显示，2025年12月，该公司单月交付汽车48135辆，同比增长54.6%，一举创下月度交付新高。从 品牌细分来看，12月交付结构呈现多元均衡态势，旗下蔚来品牌高端智能电动汽车交付31897辆，持续 巩固高端市场份额；乐道品牌家庭智能电动汽车交付9154辆，精准覆盖家庭用户需求；萤火虫品牌智能 电动高端小车交付7084辆，成功切入高端小车细分赛道。三大品牌协同发力，构建起全方位的产品矩 阵。 从季度角度来看，2025年第四季度，公司累计交付汽车124 ...